RE:RE:RE:RE:RE:RE:RE:How do you open pit mine gold 100 meters down?Goldziggy, clearly you need to brush up on RIRGS deposit styles. Snowlines RIRGS deposit is about 3 x the grade of an average RIRGS deposit, which are very profitable to mine at today's Gold prices ($1500-1800).
Now take a profitable deposit but with 2-3 x the grade and guess what happens to those profits? It's not a linear relationship. The profits become much higher than 2-3 x the grade.
Majors look at the economics and size of deposits. If Snowlines' deposit is leachable - metallurgy testing pending and to be released in Feb (which should give it a price boost as it's a de-risking event) - then it will put it in a leage of its own. Majors are already talking to the company, and it would not surprise me to see them picking up shares also.
Yukon is starting to heat up a little, with SGD's neighbour FWZ getting around a $30 million investment.
Government is going to be investing in infrastructure around the area, as FWZ pointed out in their company presentations.